Why SaaS Company Conduent's Shares Are Surging Today
Why SaaS Company Conduent's Shares Are Surging Today
Conduent Inc (NASDAQ:CNDT) shares are trading higher after the company signed an agreement to sell its Casualty Claims Solutions business to MedRisk.
Conduent Inc（纳斯达克股票代码：CNDT）签署了将其意外伤害索赔解决方案业务出售给Medrisk的协议后，该公司股价走高。
MedRisk is a managed care organization dedicated to the physical rehabilitation of workers' compensation patients.
MedRisk是一家管理式医疗组织，致力于为工伤补偿患者提供身体康复。
The $240 million cash deal includes Conduent's workers' compensation and auto casualty bill review solutions. It also includes the processing of medical bills and clinical services, and its portfolio of Strataware bill review software products.
这笔2.4亿美元的现金协议包括Conduent的工伤赔偿和车祸账单审查解决方案。它还包括医疗账单和临床服务的处理，以及其Strataware账单审查软件产品组合。
In 2023, the business, with approximately 100 clients across multiple markets, processed approximately 29 million medical bills. Conduent employees in the Casualty Claims Solutions business will join MedRisk as part of the transaction.
2023年，该公司在多个市场拥有约100名客户，处理了约2900万张医疗账单。作为交易的一部分，意外伤害索赔解决方案业务的Conduent员工将加入MedRisk。
The transaction is expected to be completed in the third quarter of 2024.
该交易预计将于2024年第三季度完成。
"This transaction is an additional example of the significant progress we have made in our strategy to streamline our portfolio while increasing our focus on core capabilities to fuel Conduent's growth," said President and CEO Cliff Skelton.
总裁兼首席执行官克里夫·斯凯尔顿表示：“这笔交易是我们在精简投资组合的战略方面取得的重大进展的又一个例子，同时更加关注核心能力，以推动Conduent的增长。”
Conduent reported a first-quarter FY24 sales decline of 0.1% year-on-year to $921 million, beating the analyst consensus estimate of $895 million.
Conduent报告称，24财年第一季度的销售额同比下降0.1％，至9.21亿美元，超过了分析师普遍预期的8.95亿美元。
Adjusted EPS of $(0.09) beat the consensus estimate of $0.00.
调整后的每股收益为0.09美元，超过了市场普遍预期的0.00美元。
Earlier in the week, the company had announced a collaboration with tech giant Microsoft Corp (NASDAQ:MSFT) to use the latter's Azure OpenAI Service to leverage generative AI strength to drive quality, productivity, and faster cycle times for its global clients.
本周早些时候，该公司宣布与科技巨头微软公司（纳斯达克股票代码：MSFT）合作，使用后者的Azure OpenAI服务来利用生成式人工智能的力量来提高其全球客户的质量、生产力和更快的周期。
Also, Conduent recently completed the sale of its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of Constellation Software Inc.
此外，Conduent最近完成了向Constellation Software Inc旗下的Modaxo出售其路边管理解决方案和公共安全解决方案业务的交易。
Price Action: CNDT shares are trading higher by 5.71% at $3.89 at the last check Friday.
价格走势：在周五的最后一次支票中，CNDT股价上涨5.71％，至3.89美元。